How to Earn Money From Home Online – The Best Ways to Do It

In this article you will learn the top 10 best ways to earn money from home online.

In theory, you can make a FULL-time income from all of these (except “Taking Surveys” and “Selling Stuff You Don’t Need”).

Here are the Top 10 Ways on How to Make Money from Home Online:

1. Affiliate Marketing

Affiliate Marketing is probably the best way to make money online. Here’s why:

“Affiliate Marketing is referrals from products or services from companies that you promote. You earn a commission from every product the customer buys from your Affiliate Link.”

So what does this mean?

Let’s take Amazon as an example: Amazon has an Affiliate Program called “Amazon Associates“. Once you have joined this program you can promote any product you would like on Amazon. The program can provide you with Affiliate Links to any product on Amazon.

Let’s say that you are playing an instrument as your passion. If you promote that instrument and someone buys that product through your affiliate link then you will get a percentage of the price of that product.

Pros

Most Affiliate Programs are FREE to join.

You don’t have to own the product, produce it, handle shipping or do customer service. All that is taken care of by the company that provided the Affiliate Link. All you have to do is to make people buy the product and you make money from it.

You earn “Passive Income” which means if you have done everything right you can make money from years to come without doing much to no work.

You can promote anything you´d like.

Cons

You usually won’t make money right away. This can take several months.

You have to learn how to attract customers.

You have to learn how you will make the customers buy from you.

2. Dropshipping

“Dropshipping is where you buy products for a low fee and selling that product for a higher price on your own online store.”

What you have to do is to make your own online store (which you can do with Shopify) and buy the products for your customers to buy (which you can do from Aliexpress). Sell your products for a higher price so you can make an income from it. “Buy cheap, sell expensive”.

Aliexpressis where you can buy the products online for a low fee. Aliexpress will also store and ship your products.

Shopifyis a commerce platform that lets you build, manage and customize your own online store.

Combine Aliexpress and Shopify and you have your own online store.

Did you know that the company “Gymshark” is a Shopify store? It is also one of the fastest-growing companies in the world.

Usually, you can earn between $0 – $50,000+ per month.

Pros

You don’t need to think about handling shipping or storing the products since Aliexpress will do that for you.

It’s easy to make an online store with Shopify.

Cons

You have to buy the products.

You have to know which products will sell.

You have to learn how to attract customers on your website.

3. Amazon FDA

Amazon FDA is very similar to Dropshipping.

“Amazon FDA (Fulfillment By Amazon) is buying and making products from a commerce company (such as Alibaba) at a low fee and selling these products on Amazon for a higher price than what you bought for them.”

Let’s take Alibaba as an example:

Alibaba is a Chinese commerce company where you can buy and make products for a low fee. Alibaba can provide you with several manufacturers who can make the product you want to have made (sunglasses for example). Then you can sell these products on Amazon for a higher price so you can earn an income from it.

Usually, you can earn between $0 – $50,000+ per month.

Pros

You don’t have to store or ship the products you buy or make (from Alibaba for example). Amazon will store and ship the products for you.

You don’t have to make a whole website to sell the products because people buy the products on Amazon. Also, you don’t have to learn how to attract visitors because Amazon already has millions of visitors.

You can earn money relatively quickly (about 2 weeks) if you know what you are doing.

Cons

You have to buy the products and pay for handling and shipping.

You have to learn which products will sell and how you can rank high on Amazon to earn a higher income.

4. Social Media Marketing

“You run social media advertising for businesses. Many businesses today don’t have ads on social media or they don’t know how to make them on social media. That’s where you come in.”

Many businesses today only run ads on billboards where they provide their products/services, but not on social media.

This is where you can contact clients like; real-estate agents, dentists, etc. who don’t run ads on social media. You can provide your own service by running social media ads for them, however, you have to learn how to make ads and how you make people buy the product/service the businesses provides.

Usually, it also means that you will have meetings with your client every month if not more.

Usually, you can earn between $500 – $50,000+ per month.

Pros

You can start for FREE.

The income is monthly recurring which means that you get money every month from your client.

You can earn money relatively quickly if you know what you are doing.

Cons

You have to learn how to make social media ads and doing so effectively.

5. Making Digital Products

“A digital product can be e-books, courses, videos, music, software programs, podcasts, etc. If you have a skill/passion you can certainly make money from it.”

You have different options to sell a digital product:

You can sell them on your own website

If you don’t want to build a whole website you can sell some digital products on websites online (such as “Clickbank”, “Soundcloud”, “Itunes”, etc)

Pros

Cons

If you have your own website then you have to handle customer service.

If you want to make music then on your computer then you will need a Music Software (such as FL Studio) which you usually have to pay for.

6. Making YouTube Videos

“You earn money from YouTube through ads on your videos. The more people that click on your video the more money you will earn. That is the main source of income from YouTube.“

Also If you gain enough subscribers and views there is a higher chance that you will be contacted by potential sponsors so you can earn an extra income by sponsoring your videos. Usually, the sponsors want you to promote a product or service they provide. It is your decision if you want to make these sponsored videos.

Pros

It’s FREE to make YouTube videos.

Cons

The problem is that you need a decent amount of subscribers on your channel and views on your videos to actually earn a decent income. Unfortunately, this can potentially take years to get a following big enough to make money from.

7. Streaming on Twitch

“Twitch Streams” works a lot like “Making Youtube Videos”.

“You make streams on Twitch. You earn money from people that subscribe to your channel and from people that donate directly on your streams.”

You can also get sponsors on your Twitch streams if you get enough subscribers and views.

Pros

It’s FREE to stream on Twitch.

The subscription from your subscribers is monthly recurring which means that you get money every month from what your subscribers pay you.

Cons

The problem is that you need a decent amount of subscribers on your channel and donations on your videos to actually earn a decent income. Unfortunately, this can potentially take years to get a following big enough to make money from.

The donations can be unpredictable since you don’t know when you will get donations.

8. Investing

“Investing is usually where you invest your money in a product, service or in a potential upcoming business that needs the money to start and grow the business. If the business is successful then you will get a percentage of the profit”.

Like mentioned before, you will get a percentage of the profit IF the business is successful or you could lose the money that you have invested in the business.

You can also invest in stocks, bonds, metals (like gold), etc.

For some, this can be a shot in the dark. Others use strategies on which product/service will be successful and which won’t.

Usually, you can earn between $0 – $50,000+

Pros

This can be a gamechanger financially. You could potentially earn millions of dollars if you invest in the right product/service.

Cons

You have to educate yourself in investing. If you don’t know what you are doing then you could potentially lose a lot of money doing so. This can take years to master.

You have to put a lot of money on the table if you want a big percentage of the profit.

9. Sell Stuff You Don't Need

“Sell things you don’t need on websites. This is very simple to do. Usually, you take a picture of the product, insert the product information, add it and you’re done”.

The best places to sell are probably Facebook Marketplace and Amazon Marketplace since they get millions of visitors (which means millions of of potential customers that want to buy things you are selling). You would be surprised at how fast people make offers on Facebook Marketplace.

Pros

it’s FREE to do.

You won’t lose money from it.

Cons

It is very difficult to make a lot of money from it, unless you have a lot to sell.

Sometimes you have to pay for shipping.

10. Taking Surveys

“Taking surveys online is where you answer questions on an online platform . Once you have answered all of the questions on the survey you will usually get points that turn into income”.

Surveys usually specify the age group and occupation to answer the questions, so It can be difficult to get a lot of surveys to answer.

If you only want pocket money and you don’t want to lose any money then surveys are better for you.